Credit Suisse boss Brady Dougan said he is willing to take short-term pain in the form of capital measures because bolstering capital will allow the bank to eat into rivals' market share.

Tech, Industrials Lead Wall Street Higher

The markets shook off morning losses and turned higher, led by a strong performance among technology and industrial stocks.

What if Libor Manipulation Helped Save Homeowners?

If banks joined Barclays in artificially lowering a key interest rate used to price all sorts of consumer loans and securities during the depths of the financial crisis, that move not only made the banks look better, but it also helped those who had loans at the time tied to Libor.

Freddie Mac Sees Encouraging Signs for Construction Workers

While unemployment in the construction sector remains high, hiring has picked up since last year and a pickup in the housing market may mean construction workers will soon return to work, said mortgage-finance company Freddie Mac (FMCC).